Indian shares little changed

29 Dec, 2007

Indian share prices closed little changed in cautious trade Friday after the assassination of Pakistani opposition leader Benazir Bhutto triggered regional security concerns, dealers said.
The 30-share Mumbai stock exchange Sensex index fell 9.77 points or 0.05 percent to 20,206.95, snapping five straight days of gains.
"The markets opened shakily due to events in Pakistan and remained cautious intra-day. Fresh buying could emerge next week ahead of the quarterly earnings season," said Advait Date, dealer at BHH Securities.
Gainers led losers 2,270 to 651 on turnover of 84.97 billion rupees (2.15 billion dollars).
The rupee was flat against the dollar at 39.4 while it fell against the euro to 57.69.
India's inflation rate fell 0.20 percentage points to 3.45 percent, official data showed on Friday, but analysts held out little hope of an early interest rate cut due to worries about surging global oil and commodity prices.

Read Comments